I agree...

EURUSD

Euro already hit today 120% 14 days ATR (average true range) so maybe for today enough? Although we never know what surprises the market can bring on.

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So many roadblocks ahead, but they can be busted...long way to go...anything is possible. I like your analysis Noor. Good look with your trading.

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PatienceFx, you can't delete Moty's post.... url

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Possibly, patterns traders want to have a structure of their trading, which also will keep our emotions in check and away from guessing the direction of the market. By trading based on the patterns (Elliot Waves, harmonics, etc.) we will know where ...

EURUSD

MrPresident, my thinking is: if the market has been random we wouldn't have the patterns...but I always can be wrong. Good luck with your trading.

EURUSD

Moty, (good to see you here)...if a prior move to the upside was indeed W1)-(5) I expect A-B-C correction and then another move to the upside to form zig-zag pattern...why do you think it will go below low established on 04.26 ?

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Yes, it was a nice pump...

EURUSD

What if this isn't ABC but I-V pattern?

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image

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Any time...

Ratios & Harmonics: a Different Way to Trade

I am done today. Enjoy the weekend everybody.

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Here it is... url

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Thanks, WQ plus bonus below your post...still waiting for your charts.

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@Jp1, that's what I was talking about yesterday...

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Moty, you are the best.

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Personally, I don't see anything wrong trading 60 pips move to the downside in a bullish market if you know what are you doing...

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Jp, exactly like this scheme...we don't know yet all...

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brokertrader, would you be surprised if the market makes crab pattern?

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Like I said before, I will be comfortable with the high when 127.2% Ext.(at least) is hit and then double correction...Again on the same page.

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